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LATEST Mining companies, investment and exploration  

Glencore tries to limit fallout from Congo mine halt

8 Aug 2019 /  Will Kennedy and William Clowes, Bloomberg   
Mutanda mine currently provides 3 000 jobs to local workers and delivered more than $600m in taxes last year.

AngloGold Ashanti posts 21% profit jump helped by Kibali JV

8 Aug 2019 /  Alistair Smout, Reuters  
Helped by lower costs, higher gold prices.

Zambian court blocks Vedanta’s bid to halt sale of Konkola mine

7 Aug 2019 /  Emma Rumney, Reuters   
Vedanta is taking the court's decision on review.

Cobalt, Africa setbacks shrink Glencore’s first-half profit

7 Aug 2019 /  Yadarisa Shabong and Barbara Lewis, Reuters    1
First-half profit falls 32%.

Sierra Leone community’s suit against diamond miner shows activist trend

6 Aug 2019 /  Cooper Inveen, Reuters  
Complain of toxic water and damage to homes.

The top miners are split on how to chase the EV battery boom

5 Aug 2019 /  David Stringer, Bloomberg   
BHP and Glencore don’t agree on is which metals will deliver the best long-term exposure to the developing global market.

It’s good to be a miner again

29 Jul 2019 /  Ciaran Ryan   1
Commodity prices are surging.

Billionaire Agarwal walks away from Anglo American stake

26 Jul 2019 /  Thomas Biesheuvel, Bloomberg   2
Mining mogul will likely make about $500m from his investment and pocket between $200m and $300m after fees.

Anglo plans $1bn buyback after bumper iron ore profit

25 Jul 2019 /  Thomas Biesheuvel, Bloomberg   
Earnings from the iron ore unit quadrupled to $2.04bn.

Anglo American to use only renewable energy in Chile by 2021

25 Jul 2019 /  Dave Sherwood, Reuters  
Miner says deal will reduce its emissions of carbon dioxide by more than 70%.

Kumba increases earnings by 239%

24 Jul 2019 /  Adriaan Kruger  
High iron ore prices and strict cost control see profit increase by a massive R10bn in six months.

Zambia presses on with liquidating Vedanta unit assets despite ruling

23 Jul 2019 /  Chris Mfula, Reuters    1
An earlier ruling halted the liquidation of Vedanta's KCM unit.

Investors cautious after Kumba Iron Ore’s first half earnings triple

23 Jul 2019 /  Naledi Mashishi, Reuters    1
Higher iron ore prices and a weaker rand/dollar exchange rate boosts earnings.

Court grants urgent interdict halting disposal of Vedanta unit assets

23 Jul 2019 /  Tanisha Heiberg, Reuters   
Vedanta welcomes the court's decision and says it commits to resolving the dispute.

Amplats cash pile doubles as higher prices boost profit

22 Jul 2019 /  Tanisha Heiberg, Reuters  
Half-year earnings more than doubled.

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